This year, more than one lakh professionals of all ages will embark on MBA programmes at business schools across the world. A growing proportion will elect to study, not in their home country, but overseas.
In India, despite the development of major schools, the tradition of studying abroad, particularly in the US or Europe, is widely accepted.
But, if you are considering a move overseas, how do you decide which of these locations will suit you best? With its reputation as the home of management education (the MBA was 'invented' at the Tuck School in New Hampshire well over a century ago), the US has long been a major draw for Indian students.
However, its attraction has been undermined since 2001 due to the tightening of immigration regulations.
Even though there are now strong signs of a change in attitudes towards immigration in the US, as shown by the recent announcement of a near-doubling of H1B skilled worker visa numbers, the difficult environment of the past few years has pushed many potential MBA students towards study in Europe.
And, as these students graduate and spread the word about European programmes within India, the trend looks set to continue.
According to Ajit Adsule, who took his MBA at Grenoble School of Management, France, studying in Europe has its advantages. "Most European MBA programmes only last one year.
This means that you are out of the workplace for less time, something that becomes increasingly important the more experienced you are," he says.
Aspiring MBAs will get the opportunity to meet admissions officers from Europe and the US when the QS World MBA Tour, the largest programme of business school information events, visits India in July.
The World MBA Tour is being organised by QS in association with The Times Of India Group. The Delhi event will take place at the Taj Mahal Hotel, Mansingh Road, on Saturday, July 8, 2006. Registration is underway at www.topmba.com
Courtisy : The Times of India